Funding you earn now, next payment 22:00 UTC−0.0050%/8h= −5.4% APRpaid last 24h −0.020%
Price spread now: Binance against Nado+0.016%58s7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$470.471% of the position
Funding, last 3 days (all we have)−0.050%−$5 on $10k
+Price spread, last 7 days−0.336%−$34 · spread now +0.016%, 7d avg −0.013%
=Together, before fees−0.386%+ Points / potential airdropNado: Active · farm board−$39 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Binance is 0.029% dearer against Nado than usual: you sell high and buy low (spread +0.016% now, against its 7-day average of −0.013%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 47 hours. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado ZRO-PERP | 1.1835 | 0.0150 | pay 0.0019% / 1h | 32m 36s | $1.3M | $130K | 5x |
| Short | Binance ZROUSDT | 1.1837 | 0.0100 | get 0.0050% / 4h | 2h 32m | $22.4M | $33.8M | 75x |
Nado ZRO-PERP
Binance ZROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Nado. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$10.4
- Price spread: +0.016% → −0.013%
- $2.91
- Slippage, 4 orders
- −$30.1
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$54.6
- Costs to cover
- 0.471%
- Break-even
- never at this rate
Slippage from Nado: live order book, 1 min ago; Binance: live order book, 9 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Nado live order book, 1 min ago | 0.84 bp | 12.0 bp −$12 | 49.5 bp −$495 | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 0.42 bp | 14.4 bp −$14 | 35.3 bp −$353 | 210.8 bp −$21.1K | doesn't fit |
ZRO on 26 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZROUSD | −0.0432% | 1h | 1.1822 | −0.110% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0058% | 4h | 1.1836 | +0.005% | $21K | $7K | 10x | as long as short |
| dYdX ZRO-USD | +0.0002% | 1h | 1.1844 | +0.073% | $21K | $2K | 5x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0051% | 4h | 1.1836 | +0.005% | $3.2M | $9.1M | 20x | as long as short |
| Bybit ZROUSDT | +0.0073% | 4h | 1.1827 | −0.071% | $18.1M | $15.9M | 50x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1845 | +0.083% | $4.6M | $1.2M | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1851 | +0.132% | $37.6M | $6.9M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1854 | +0.156% | $158K | $161K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1837 | +0.018% | $144K | $195K | 5x | as long as short |
| Binance ZROUSDTshort | +0.0100% | 4h | 1.1837 | +0.016% | $22.4M | $33.8M | 75x |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
dYdX ZRO-USD
OKX ZRO-USDT-SWAP
Bybit ZROUSDT
Lighter ZRO
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZROShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ZRO_USDT | +0.0100% | 4h | 1.1830 | −0.045% | $1.3M | $2.0M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1838 | +0.022% | $19.1M | $3.5M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1842 | +0.056% | $2.5M | $1.6M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1836 | +0.005% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1833 | −0.020% | — | $10.9M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1843 | +0.065% | $92K | $203K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1797 | −0.328% | $2.3M | $864K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1830 | −0.045% | $37K | $680K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1842 | +0.056% | $87K | $990K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1832 | −0.026% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0110% | 4h | 1.1828 | −0.062% | $1.1M | $266K | 75x | as long as short |
| Nado ZRO-PERPlong | +0.0150% | 1h | 1.1835 | long leg | $1.3M | $130K | 5x | |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1849 | +0.118% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0316% | 1h | 1.1848 | +0.106% | $251K | $577K | 25x | as long as short |
| Extended ZRO-USD | +0.0768% | 1h | 1.1835 | −0.005% | $784K | $560K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1237% | 1h | 1.1880 | +0.377% | $12K | $145K | 12x | as long as short |
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
BloFin ZRO-USDT
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP